Buyer’s Market, Increasing Interest Rates; How You Can Work This to Your Advantage!
The next Bank of Canada rate increase is predicted to occur on July 13th. Most economists indicate a .75% increase. Others predict a further .50 increase in September of 2022. What this means for current mortgage holders and potential buyers: If you currently have a variable rate mortgage, now is the time to review if […]
To Variable, or Not to Variable, That Is the Question
With interest rates actively on the rise and more potential rate hikes by the Bank of Canada on the horizon this summer, what does a homeowner or soon-to-be homeowner do? You are likely one of the three people mentioned below: 1) You are shopping for a home and can’t decide if a fixed rate or […]
Affordable Property Locations, Where Your Mortgage Goes Further!
In 2021 you may be finding it difficult to purchase a home in your so-called “ideal location”. Have you stepped outside the box to determine what your ideal location really is? For some people “ideal location” means living close to work to avoid a commute. For others an ideal location is a commute away from […]